Investment Analysis — 660 Somerville Ave #2

Somerville, MA 02143

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02143 carries an estimated $4,160/mo in gross rent — about a 3.73% cap rate and $27,952/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,123

Style

Condominium

Built

1910

Beautifully renovated 3-bedroom, 2-bath home near Porter and Union Squares, featuring four sunny exposures and an inviting open layout. The kitchen offers a custom island, stone countertops and stainless steel appliances, flowing seamlessly into a living area anchored by a gas fireplace with a reclaimed wood mantel. Walnut-stained oak floors and crown molding add warmth and character throughout. The spacious primary suite features a marble bath, while in-unit laundry, central HVAC, updated plumbing and electrical, basement storge, and tankless hot water provide everyday comfort. A private composite deck and parking complete the package. Conveniently located less than half a mile from the Red Line and Commuter Rail. Attractive carrying costs include a low $225 monthly condo fee and annual property taxes of just $2,709 after the residential exemption for qualifying owner-occupants. Previously rented for $4,600 per month through August 2026 and now vacant, this home presents an appealing opportunity for both owner-occupants and investors.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.